Every weekday on Marketplace, Kai Ryssdal hosts a lively and unexpected exploration of the day’s business and economic news from Wall Street to your wallet.
After several false starts and a few amendments, Republicans in the House finally passed their plan to repeal and replace Obamacare. The bill is on its way to the Senate and still without scoring from the Congressional Budget Office. That means we don't really know what the bill could cost or who could lose coverage, and Congress doesn't really know what they voted for. We talked with Doug Elmendorf, who was running the CBO when Obamacare was under debate, and he called the vote "a terrible mistake." Then, we'll talk about the latest from Brexit and Puerto Rico's debt crisis. Plus: President Trump is heading back to New York for the first time since he took office, and his old neighborhood on Fifth Ave. in Manhattan might look pretty different.
There's a lot of arm-twisting and horse-trading going on between the House and the White House this week, trying to push a new health care bill through. But there's a fundamental economic reality going on here: Lawmakers are trying to change the healthcare market and ignoring market forces. Then: The news out of the Federal Reserve was no news, but looking ahead, you can expect a hike and President Trump to fill as many as five vacancies on the Board of Governors. We'll talk about it. Plus: NAFTA's effect on Texas cattle and disappearing chicken nuggets in Los Angeles schools.
The current mantra with President Trump seems to be look at what he does and not what he says. But words (and facts) matter, and this morning the President tweeted that America needs "a good 'shutdown' in September to fix mess!" The mess being, it's clear from the context, the trouble the White House is having getting its agenda through Congress. We can argue about how a shutdown might help or hurt the President's agenda, but there's no question it would be bad for the economy. Plus, we'll talk about #VanLife and the string of bad earnings reports for American car companies (they aren't related).
After we avoided a government shutdown Friday, this weekend Congressional negotiators reached a trillion-dollar deal to keep things going 'til the end of the fiscal year, five months away. It's not exactly a budget, it's more "catch-as-catch-can." We'll explain how the process got so toxic and partisan on the show today. Then: another executive is out at Fox News just as Bloomberg enters in a new deal with Twitter to get off TV entirely. Plus: can you boost the economy with old buildings? We'll talk with the CEO of the National Trust for Historic Preservation.
Just ahead of his 100-day mark, President Trump had one of the bigger economic weeks of his young administration. This week had it all: Tax policy! Trade policy! A narrowly avoided government shutdown tied to the budget and health care! Plus, capping it all off, a lackluster GDP report. We'll try and figure out what it all means in the Weekly Wrap. Plus: Trump just signed an executive order allowing more drilling in the Atlantic and Arctic oceans with the premise it will create jobs. But with crude at $50, is that really going to happen? Then: another visit to Erie, Pennsylvania for our series "The Big Promise."
After a flurry of reports that President Trump was weighing an order to pull out of NAFTA, he now says he'd rather renegotiation. But improving the trade deal could mean exhuming Obama's Trans-Pacific Partnership. Then: Republicans haven't given up on repealing and replacing Obamacare. The latest twist is an amendment that would let states decide whether insurers can charge people with pre-existing conditions. We'll try to game that out. Plus: Our latest Marketplace-Edison Research poll found that even though most Americans don't have factory jobs, a lot of people agree about the primacy of manufacturing to the economy.